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LIC IPO: Market crash makes India’s biggest listing a tough task

LIC IPO: Market crash makes India’s biggest listing a tough task

by AIP Online Bureau | Feb 14, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy

India will need bulky commitments from anchor investors, who will raise about a third of the total money. A further 35% — or Rs 21,000 crore, based on the estimated valuation — will be sold to millions of retail investors. That’s a challenging task To...

Economic Survey:Health sector expenditure in 2021-22 projected to be 73 per cent higher than 2019-20

by AIP Online Bureau | Jan 31, 2022 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy

The latest NFHS-5 shows that Total Fertility Rate (TFR), an average number of children per women, has further come down to 2 in 2019-21 from 2.2 in 2015-16. Sex ratio, number of females per 1000 males, in the total population has risen from 991 females in 2015-16...
Govt eyes LIC listing on stock exchanges by March end: DIPAM Secy

Govt eyes LIC listing on stock exchanges by March end: DIPAM Secy

by AIP Online Bureau | Jan 27, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy

“LIC disinvestment amount will be included in this year’s (Budget) because we aim to list it before March 31,” Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told PTI New Delhi: The government will list the...

Government notifies new rules for direct selling industry, seeks to safeguard interests of consumers

by AIP Online Bureau | Dec 29, 2021 | Indian News, Policy, Regulation

Every direct selling entity shall establish a mechanism for filing of complaints by consumers through its offices or branches or direct sellers, either in person or through post, telephone, e-mail or website They should have a grievance redress officer to acknowledge...
LIC withholds dividend payment to govt in last 2 yrs, conserves Rs 6,300 cr capital

LIC withholds dividend payment to govt in last 2 yrs, conserves Rs 6,300 cr capital

by AIP Online Bureau | Dec 23, 2021 | Indian News, Life, Policy

Sources at LIC said that the corporation has already accumulated Rs 6,300 crore of capital by not paying any dividend to the government in recent years and planning raise more though, at present it is not known how it will do it Mumbai: In a bid to conserve capital,...
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